TLH vs SCHQ: Holdings Overlap
TLHiShares 10-20 Year Treasury Bond ETF
iShares · 66 holdings · $10.9B · as of 2026-05-31
SCHQSchwab Long-Term U.S. Treasury ETF
Schwab · 97 holdings · $793M · as of 2026-03-31
Holdings snapshots are 61 days apart (TLH: 2026-05-31, SCHQ: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are TLH and SCHQ?
iShares 10-20 Year Treasury Bond ETF (TLH, by iShares) holds 66 positions; Schwab Long-Term U.S. Treasury ETF (SCHQ, by Schwab) holds 97. They have 57 holdings in common, and by portfolio weight the two funds are 42.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 57TLH holds 66 · SCHQ holds 97
- Weight in Shared Holdings
- TLH 98%·SCHQ 45%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in TLH
9 of 66 positions (0.4% of the fund) are not held by SCHQ.
- U.S. Treasury Notes0.11%
- U.S. Treasury Notes0.10%
- U.S. Treasury Notes0.08%
- U.S. Treasury Notes0.04%
- U.S. Treasury Notes0.03%
- U.S. Treasury Bonds0.02%
Only in SCHQ
40 of 97 positions (53.7% of the fund) are not held by TLH. Showing the top 30 by weight.
- U.S. Treasury Bonds2.29%
- U.S. Treasury Bonds2.28%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.24%
- U.S. Treasury Bonds2.19%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TLH | -1.2% | -2.0% | +0.1% | +1.6% | -5.0% | -1.2% | 4.59% |
| SCHQ | -1.5% | -2.3% | -0.6% | +0.4% | -6.7% | — | 4.90% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in TLH vs SCHQ →
Shared Holdings(57)
The top 10 shared positions account for 34% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 3.44% | 1.59% | 1.59% |
|---|---|---|---|
| U.S. Treasury Bonds | 3.42% | 1.47% | 1.47% |
| U.S. Treasury Bonds | 1.62% | 1.45% | 1.45% |
| U.S. Treasury Bonds | 2.35% | 1.42% | 1.42% |
| U.S. Treasury Bonds | 3.07% | 1.42% | 1.42% |
| U.S. Treasury Bonds | 5.54% | 1.41% | 1.41% |
| U.S. Treasury Bonds | 3.32% | 1.40% | 1.40% |
| U.S. Treasury Bonds | 2.30% | 1.39% | 1.39% |
| U.S. Treasury Bonds | 1.83% | 1.38% | 1.38% |
| U.S. Treasury Bonds | 3.33% | 1.38% | 1.38% |
| U.S. Treasury Bonds | 3.97% | 1.36% | 1.36% |
| U.S. Treasury Bonds | 3.71% | 1.35% | 1.35% |
| U.S. Treasury Bonds | 3.95% | 1.30% | 1.30% |
| U.S. Treasury Bonds | 3.31% | 1.20% | 1.20% |
| U.S. Treasury Bonds | 2.51% | 1.20% | 1.20% |
| U.S. Treasury Bonds | 2.90% | 1.19% | 1.19% |
| U.S. Treasury Bonds | 3.18% | 1.18% | 1.18% |
| U.S. Treasury Bonds | 3.51% | 1.17% | 1.17% |
| U.S. Treasury Bonds | 2.60% | 1.17% | 1.17% |
| U.S. Treasury Bonds | 3.26% | 1.10% | 1.10% |
| U.S. Treasury Bonds | 1.06% | 1.16% | 1.06% |
| U.S. Treasury Bonds | 2.43% | 1.04% | 1.04% |
| U.S. Treasury Bonds | 2.47% | 0.79% | 0.79% |
| U.S. Treasury Bonds | 1.48% | 0.78% | 0.78% |
| U.S. Treasury Bonds | 1.61% | 0.77% | 0.77% |
Frequently Asked Questions
How much do TLH and SCHQ overlap?
TLH and SCHQ overlap by 42.2% of portfolio weight. They share 57 holdings (TLH holds 66 positions and SCHQ holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TLH and SCHQ?
The two portfolios are 42.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of TLH and SCHQ?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 34% of the total overlap.
What does TLH own that SCHQ doesn't?
9 positions (0.4% of TLH) are unique to TLH, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 40 positions (53.7% of SCHQ) are unique to SCHQ.